Global Automated Compounding Devices Market Report 2024: Size, Drivers, And Top Segments
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How is the Automated Compounding DevicesMarket Expected to Expand from 2024 to 2033?
The automated compounding devices market has grown significantly, from $2.2 billion in 2023 to $2.36 billion in 2024, at a CAGR of 7.2%. This growth is driven by the increasing prevalence of chronic diseases, aging populations, expansion in healthcare infrastructure, regulatory demands, and efforts to reduce medication errors.
The automated compounding devices market is anticipated to experience strong growth, projected to reach $3.12 billion by 2028 at a CAGR of 7.3%. This growth is driven by the rising prevalence of cancer, global healthcare expansion, increased focus on patient safety, supportive regulations, and a growing emphasis on sustainability. Major trends include advancements in telemedicine, remote healthcare solutions, AI innovations, healthcare digitalization, and real-time monitoring capabilities.
What Influences Are Propelling the Automated Compounding Devices Market Forward?
The increasing number of personalized medicines is expected to fuel the growth of the automated compounding devices market going forward. Personalized medicine refers to a medical approach that tailors healthcare decisions, practices, interventions, and treatments to the individual characteristics of each patient. The increasing number of personalized medicines is due to a better understanding of genetics, patient-specific data, and regulatory support. Automated compounding devices (ACDs) play a crucial role in the field of personalized medicine by enabling the precise and accurate preparation of custom medication formulations tailored to individual patient needs. These devices automate the process of combining various pharmaceutical ingredients in specific proportions, which is essential for creating personalized treatments.
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What Key Segments Exist Within the Automated Compounding Devices Market?
The automated compounding devices market covered in this report is segmented –
1) By Component: Automated Compounding Systems Equipment, Automated Compounding Systems Software
2) By Product Type: Intravenous Compounding Systems, Oral Compounding Systems, Total Parenteral Nutrition (TPN) Compounding Systems
3) By Mode Of Operation: Fully Automated Compounding Systems, Semi-Automated Compounding Systems
4) By End-User: Hospitals, Ambulatory Surgical Centers, Other End Users
What Trends Are Coming to the Forefront in the Automated Compounding Devices Market?
Companies in the automated compounding device market are focusing on robotic compounding technology. Omnicell Inc. launched the IVX Station in March 2022 to enhance accuracy and efficiency in medication preparation.
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What Regions Are Leading the Charge in the Automated Compounding Devices Market?
North America was the largest region in the automated compounding devices market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automated compounding devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Automated Compounding Devices Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the automated compounding devices market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Automated Compounding Devices Market Include
1. Automated Compounding Devices Market Executive Summary
2. Automated Compounding Devices Market Segments
3. Automated Compounding Devices Market Size And Template Market Growth Rate
4. Key Automated Compounding Devices Market Trends
5. Major Automated Compounding Devices Market Drivers
……
25. Key Mergers And Acquisitions In The Automated Compounding Devices Market
26. Top Automated Compounding Devices Companies
27. Automated Compounding Devices Market Opportunities And Strategies
28. Automated Compounding Devices Market, Conclusions And Recommendations
29. Appendix
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